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For sale
    • Price cut: $5K (5/19)
    $319,999

    198 Lake Arbor Drive, Palm Springs, FL 33461

    2beds
    1,232sqft
    : 
    $2,426/mo
    Get pre-qualified
    Townhouse
    Built in 1978
    1,124 Square Feet Lot
    $313,500 Zestimate®
    $260/sqft
    $283/mo HOA

    What's special

    Renovated bathroomsNew roofFresh interior paintButcher block countertopsUpgraded kitchenFenced front patioStainless steel appliances
    Turnkey investment opportunity with immediate rental income! This updated 2-bed, 2-bath townhome is tenant-occupied, offering instant cash flow from day one. Major capital improvements have already been completed, including a new roof, AC system, electric panel, flooring, fresh interior paint, and renovated bathrooms—minimizing future maintenance costs for investors. The upgraded kitchen features white shaker cabinetry, butcher block countertops, and stainless steel appliances, adding strong tenant appeal. Additional highlights include low HOA fees, accordion hurricane shutters for storm protection, a fenced front patio & two assigned parking spaces. Ideal for investors seeking a stabilized, income-producing property with strong rental appeal and minimal deferred maintenance.
    117 days
    |
    87
    |
    8
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Simo Bouchikh 561-412-7591,

    Gobin & Co., LLC.

    Source: BeachesMLS,MLS#: B26013829MLS LogoOriginating MLS: BeachesMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      Primary bedroom
      • Level: Upper
      • Area: 0
      • Dimensions: 0 X 0
      Kitchen
      • Level: Main
      • Area: 0
      • Dimensions: 0 X 0
      Living room
      • Level: Main
      • Area: 0
      • Dimensions: 0 X 0
      Heating
      • Central
      Cooling
      • Central Air, Ceiling Fan(s), Electric
      Appliances
      • Included: Dryer, Dishwasher, Electric Range, Gas Water Heater, Ice Maker, Microwave, Range, Refrigerator, Vented Exhaust Fan, Water Heater, Washer
      • Laundry: Gas Dryer Hookup, Inside, In Bathroom, Main Level, Laundry Room, In Unit
      Features
      • Dual Sinks, Pantry, Storage, Tub Shower, Upper Level Primary
      • Flooring: Vinyl, Wood
      • Has fireplace: No
      Interior area
      • Total structure area: 1,274
      • Total interior livable area: 1,232 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 2
      • Parking features: Assigned, Guest
      • Uncovered spaces: 2
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Entry Level Living Area Y
      • Patio & porch: Deck, Open, Patio, Balcony
      • Exterior features: Balcony, Outdoor Living Area
      • Fencing: Back Yard,Fenced,Gate
      • Waterfront features: None
      Lot
      • Size: 1,124 Square Feet
      • Features: < 1/4 Acre
      Details
      • Parcel number: 70434417540021980
      • Zoning: RM (city)
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: Townhouse
      • Property subtype: Townhouse
      Materials
      • Brick, Block, Stucco
      • Roof: Mansard,Other,Shingle
      Condition
      • Resale
      • New construction: No
      • Year built: 1978

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected, Water Connected

      Community & HOA

      Community
      • Features: Home Owners Association, Street Lights
      • Security: Smoke Detector(s)
      • Subdivision: LAKEWOOD OF PALM SPRINGS
      HOA
      • Has HOA: Yes
      • Amenities included: Playground, Parking, Sidewalks
      • Services included: Common Areas, Insurance, Maintenance Grounds, Trash
      • HOA fee: $283 monthly
      • HOA phone: 561-250-6565
      Location
      • Region: Palm Springs

      Financial & listing details

      • Price per square foot: $260/sqft
      • Tax assessed value: $240,514
      • Annual tax amount: $2,389
      • Date on market: 4/10/2026
      • Cumulative days on market: 174 days
      • Listing terms: Cash,Conventional,1031 Exchange,FHA
      • Electric utility on property: Yes

        Estimated market value

        $313,500

        $298,000 - $329,000

        $2,242/mo

        Price history

        DateEventPrice
        5/19/2026Price change$319,999-1.5%$260/sqft
        Source: BeachesMLS #B26013829 Report a problem
        4/10/2026Price change$325,000-1.2%$264/sqft
        Source: BeachesMLS #B26013829 Report a problem
        2/27/2026Listing removed$2,300$2/sqft
        Source: BeachesMLS #R11165826 Report a problem
        2/25/2026Price change$329,000-1.8%$267/sqft
        Source: BeachesMLS #RX-11161471 Report a problem
        2/22/2026Listed for rent$2,300$2/sqft
        Source: BeachesMLS #R11165826 Report a problem
        2/6/2026Listed for sale$335,000+31.4%$272/sqft
        Source: BeachesMLS #RX-11161471 Report a problem
        8/14/2025Sold$255,000-10.5%$207/sqft
        Source: BeachesMLS #R11042644 Report a problem
        6/16/2025Price change$284,900-1.7%$231/sqft
        Source: BeachesMLS #RX-11042644 Report a problem
        2/24/2025Price change$289,900-1.7%$235/sqft
        Source: BeachesMLS #RX-11042644 Report a problem
        12/5/2024Listed for sale$295,000+78.8%$239/sqft
        Source: BeachesMLS #RX-11042644 Report a problem
        12/13/2018Sold$165,000-2.9%$134/sqft
        Source: BeachesMLS #R10475703 Report a problem
        10/25/2018Listed for sale$169,900+132.7%$138/sqft
        Source: Century 21 Tenace Realty #RX-10475703 Report a problem
        2/24/2015Sold$73,000$59/sqft
        Source: Public Record Report a problem
        11/14/2014Listing removed$73,000$59/sqft
        Source: Home Run Real Estate, Inc. #RX-10083078 Report a problem
        10/24/2014Listed for sale$73,000-2.9%$59/sqft
        Source: Home Run Real Estate, Inc. #RX-10083078 Report a problem
        7/14/2014Sold$75,200+24966.7%$61/sqft
        Source: Public Record Report a problem
        8/30/2012Sold$300-99.4%
        Source: Public Record Report a problem
        3/2/1995Sold$48,500$39/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,389 +3.3%$147,402 +2.9%
        2024$2,313 +2.9%$143,248 +3%
        2023$2,247 +2.7%$139,076 +3%
        2022$2,188 +2.8%$135,025 +3%
        2021$2,129 +1%$131,092 +1.4%
        2020$2,109 +1.7%$129,282 +2.3%
        2019$2,072 $126,375 +9.6%
        2018$2,072 +2.5%$115,308 +11.6%
        2017$2,023 -15.8%$103,308 +13.1%
        2016$2,402 +6.1%$91,308 +18.1%
        2015$2,263 +38.1%$77,308 +27.1%
        2014$1,638 +9.5%$60,839 +10%
        2013$1,497 +13%$55,308 +16.9%
        2012$1,324 -18.1%$47,308 -20.2%
        2011$1,617 +87.5%$59,308 +5.6%
        2010$862 +6.5%$56,157 +2.7%
        2009$810 +30.7%$54,681 +0.1%
        2008$620 +2%$54,626 +3%
        2007$607 -5.1%$53,035 +2.5%
        2006$640 $51,741 +3%
        2005-- $50,234 +3%
        2004$305 +254.8%$48,771 +1.9%
        2003$86 -85.3%$47,862 +2.4%
        2002$583 +7.8%$46,740 +1.6%
        2001$541 +6.1%$46,004 +3%
        2000$510 +19.8%$44,664
        1999$426 $44,664
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 33461

        Getting around

        49 / 100
        Car-Dependent
        41 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Meadow Park
        • Middle: Conniston Community
        • High: Forest Hill

        Source: BeachesMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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